Fannie Mae Reviews

Updated September 18, 2014
Updated September 18, 2014
440 Reviews
3.2
440 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
105 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 72 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 36 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 17 reviews)

  • Petty management, lots of rot in middle management, corporate culture still very old-school (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Experience Reverse Diversity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time for more than a year

    Pros

    Great pay.
    Can work from home.

    Cons

    This place will be the end of your technical career.
    Company fails miserably on the diversity model. This is a major source of a failure to innovate.
    Company has built lots of silos that make success very difficult.
    Silos are so far behind in technology and refuse to change when suggestions are made outside of them.

    Advice to ManagementAdvice

    Try hiring people from diverse backgrounds. Fannies lack of diversity smells of racism.
    Dump the enterprise shared services group. This is just an obstacle maker. Tasks that take most companies minutes, take weeks here.
    Most people with leadership skills don't move up, but leave.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    First real job out of college, only accepted to pay off student loans; wasn't in my long-term plans.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Operation Specialist I  in  Herndon, VA
    Current Employee - Loan Operation Specialist I in Herndon, VA

    I have been working at Fannie Mae full-time for more than a year

    Pros

    Training opportunities, workplace environment, benefits

    Cons

    Senior management doesn't approve new hires quick enough in production environments

    Recommends
    Negative Outlook
    No opinion of CEO
  3.  

    Very friendly working environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Friendly. Work-life balance. A lot of areas to learn with some of them very unique in this industry.

    Cons

    A little bit political if you are adjusted to the private/ small company working environment. Types of teams vary a lot. You really need to pick the right boss.

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  5.  

    Its ok. Nothing too stressful and generally great co-workers.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Compensation, work/life balance, great for resume

    Cons

    Repetative work in a mundane industry. Constant talk of change to industry since Bailout has everyone worried for their jobs.

    Advice to ManagementAdvice

    Find ways to breath life into the company. Lots of older employees who have been with company for 15+ years. Not much room for innovation.

  6.  

    mikes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant  in  Detroit, MI
    Current Employee - Administrative Assistant in Detroit, MI

    I have been working at Fannie Mae full-time for more than a year

    Pros

    job security, pay, growth potential, and bonuses

    Cons

    long hours but great overall company

    Advice to ManagementAdvice

    be more relaxed at times

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    It was a great experience to enhance my skills.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time

    Pros

    Great work/life balance, people, college grant of 10K a year, sick days.

    Cons

    This is one of the best companies that I have worked for

    Advice to ManagementAdvice

    Great Management

    Recommends
  8.  

    A good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Business Analyst  in  Washington, DC
    Former Employee - Senior Business Analyst in Washington, DC

    I worked at Fannie Mae as a contractor for more than a year

    Pros

    I worked in Fannie mae Capital Market Business to Technology Division as a consultant almost an year till april of 2013. work was busy but was not overwhelming and was reasonably assigned. Nice and relaxed environment with support from manager. I think fannie mae still offers one of the best benefit packages in the market. I would certainly recommend this company to a friend.

    Cons

    Cannot think of anything at the moment.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Working at Fannie Mae was a very good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    The pay rate, medical coverage, number of vacation days and overall culture was very good.

    Cons

    There were a number of managers who were inept and should never have been given the title of manager, but I have a feeling that it's that way on any big company you work for.

    Advice to ManagementAdvice

    Everything in general was good, no big complaints.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Enter at your own risk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time

    Pros

    Good work - life balance
    Most of the people are smart, hard working

    Cons

    Most people managers have no clue how to manage people or workflows. FM promotes people with no management skills and has no plan to train these people.
    The culture is stuck in the 1990's and isn't changing
    There are a lot of people that are underemployed (have time and capacity to do more), but management refuses to acknowledgement that point.
    Too much internal focus and not enough customer focus

    Advice to ManagementAdvice

    You aren't as smart as you think you are
    The culture isn't changing although you spend a lot of $$ talking about it
    You have gotten way too arrogant with the shift in the market the last couple years. You aren't that good
    The "one size fits all" management strategy doesn't work well

    Doesn't Recommend
    Neutral Outlook
  11.  

    Disappointing yet enlightening at why we have such problems in this industry.

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Fannie Mae as a contractor for more than a year

    Pros

    As always, the people I worked with are great folks. I miss them a lot but had to move on to maintain my sanity.

    Cons

    They do one thing well: loan evaluation and processing. Everything else--all their supporting services--are either run by people who were on the mortgage side of things or were hired by mortgage people who do not know how to hire for supporting services. As an employee, if your expertise is in your career area rather than mortgages, your educated suggestions are not valued--much like it might be to work in a law firm in IT, I imagine, except that loan processors don't get paid as well. The company culture was more like a high school than a business. I observed favoritism, territorialism, disrespect, and misplaced priorities and heard about abuse of power. Oh--high security. Security guards at every door. They walk the floor checking everyone's laptops to make sure they are cable-locked. You get in big trouble if they are not locked in place. If only they paid as much attention to their non-loan related business processes as they do to security! There are a couple of wicked-smart people who still work there, and some of them are dear friends, but I don't understand why they are still there. The place needs a top-to-bottom overhaul.

    Advice to ManagementAdvice

    1. Hire someone at the top of their game to head up IT who will manage software development properly. 2. The mortgage side (the "business side") *cannot* have the final say on every decision. It leads to corrupt thinking--no, not criminally corrupt thinking--day-to-day business practices depend on relationships and being able to negotiate design decisions, schedules, deliverables, quality, etc. on a reasonably level playing field. The biz side knows they will win every dispute, so it makes for bad negotiations and worse decisions. They do not respect the expertise of the other party.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Fannie Mae Response

    Sep 17, 2014Company Representative

    Thank you for taking the time to write a review. We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews seriously and will pass your feedback to Senior ... More

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